2012-09-30
2012-10-08
x eng
x china
x spain

STATION
CNBC 8
CNN 4
CNNW 4
FBC 3
WETA 3
CSPAN2 2
MSNBC 2
MSNBCW 2
WMPT (PBS) 2
CSPAN 1
KGO (ABC) 1
KNTV (NBC) 1
KPIX (CBS) 1
KQED (PBS) 1
( more )
LANGUAGE
English 48

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back regulation, we'll be better off. i have a different view. i think we have to invest in education and training. i think it's important for us to develop new sources of energy here in america. that we change our tax code to make sure that we're helping small businesses and companies that are investing in the united states. that we take some of the money that we're saving as we wind down two wars, to rebuild america. and that we reduce our deficit in a balanced way that allows us to make critical investments. now, ultimately it will be up to the voters, to you, which path we should take. are we going to double down on the top down economic policies that helped get us into this mess? or do we embrace a new economic patriotism, that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney, two minutes. >> thank you, jim. an honor to be with you and pleased to be with the president. i'm pleased to be at the university of denver, i appreciate the welcome and the presidential commission on these debates and congratulations to y

and education. governor romney talked about medicaid and how we can send it back to the states. that means a 30% cut in the primary program we held for seniors in nursing homes, kids with disabilities. that is not a right strategy for us to move forward. >> what about simpsons bowles? >> i have my own plans. if you want to make adjustments, make it. go to congress and fight for it. >> that is what we have done. >> you have been president for four years. he said he would cut the deficit in half. we still have trillion-dollar deficits. if you are reelected, we will get to a trillion-dollar debt. you have said you will cut the deficit in half. you find $4 trillion in cuts. we still show trillion-dollar deficits every year. that does not get the job done. why is it that i do not want to raise taxes? i do not want to raise taxes on people. in 2010, he said he would extend the tax policies we have now and not raise taxes because when the economy is going slow like this, you should not raise taxes on anyone. the economy is still going slow. it is growing more slowly now than when he made that statemen

representative has gone out too far from the constituency and then educate the elect rate about how the representative sideways with the will with the public opinion of the people. you take that ad that cross roads ran. we were running it in the states talking about how the president passed this stimulus program. the stimulus thing was wildly unpopular and the ads that the super pac can do is hold the president or another elected official to account for what they can. it can't change public opinion. we can identify places where an elected representative is sideways with the constituent and let people know about it. i don't know that i agree with it the premises of the question it's necessarily bad. i think it brings a to light a lot of things people wouldn't otherwise know. >> i think in the credibility product. i-- [inaudible] it would allow challengers and underfunded candidates if you were to just waive a wand to get rid of limits and allow teem contribute as much as they want to the candidates as long as it's disclosed the press and opponent could decide whether or not that is h

and at the same time we invested in infrastructure and in education. >> it was a different time. it was also the dot-com boom. >> that came at the end, that's right. but most people who look at those years and exclude those years that just preceding the dot-com boom understand that was a very good economy. do you believe or does anybody -- i mean, i would be very interested in grover norquist if he thought the clinton years represented a bad economy and if they were bad tax rates. >> as much fun it would be to relive the clinton years tonight, mr. secretary, i'd love to get grover -- i want you to expand more on this deduction limit. are you saying it might violate the letter of the no tax pledge but it does not violate the spirit? >> no, no. the president -- romney's made it very clear that any tax reform that he approves will not be a tax increase. this idea of having this as an offset for lower rates at least 20% across the board lower. again, paul ryan and the republicans in congress want to take rates even lower. romney's not signing any net tax increase. he's not going to sign a tax in

will be better off. i have a different view. i think we have to invest in education and training. i think it's important for us to develop new sources of energy, here in america, that we change our tax code to make sure that we are helping small businesses and companies that are investing here in the united states. that we take some of the money we are saving as we wind down two wars, to rebuild america. and that we reduce our deficit in a balanced way that allows us to make these critical investments. now, it ultimately will be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policies that helped to get us into this mess? or do we embrace a new economic patriot. >> that says america does best when the middle-class does best. i am alonging ford that debate. >> reporter: governor romney, two minutes. >> thank you, jim. it's an honor to be here with you. and it's an honor to be here with the president. i appreciate the welcome of the university of denver and the presidential commission on these debates. congratulations to you, mr. presid

. it did strike a nerve. the bird was mentioned more times than taxes, medicare, and education, and also big bird, the woman who runs "sesame street" says don't worry about it. big bird and his tv friends aren't going anywhere no matter who is in the white house. >> the sesame workshop receives very, very little funding from pbs. we are able to raise our fding through philanthropic, through our licensed product, which goes back into the educational programming, through corporate underwriting and sponsorship, so quite frankly, you know, you can debate whether or not there should be funding to public broadcasting, but when they always start to call out big bird and we're going to kill big bird, that's misleading because sesame street will be here. >> big bird lives no matter what? >> big bird lives on. >> we're waiting to hear from the president live from the campaign trail out at denver. we'll bring that to you live. also, if you missed the debate last night, want to see the whole thing, we'll be airing the entire first presidential debate at 1:00 eastern right here on cnn. but because of

. i love education, i want to provide people -- >> yeah, we all want the same thing. it's just whether you -- we want to get to the same place, it's how you want to get there. one example was like over the last three or four years, the president has been able to kind of go unchallenged when he puts forward a lot of things. like small business, that only 3% of small businesses would be affected by the tax increases. we've known all along here that that 3% are the ones that employ 54% of the workers in small businesses. one out of four workers. you never hear that. so when you're able to sort of hide behind a campaign or david axelrod just to see it actually where someone challenged -- because presidents don't get challenged anymore. and to watch it happen stripped bare was something to behold. . >> two points on that. on your point, one of the democratic veteran strategists involved in multiple presidential campaigns made your point to me which is presidents go through an office -- go through their term for four years, they don't have anybody talking to them like that, they don't have a

will be in the red by a billioo dollars next year and another frightening number, 71 fed out of every education dollar in illinois goes to paying teacher retirement costs, how can they justify that amount of money? >> people who care deeply about education in illinois and around the country really needs to understand the only way you'll have the kind of resources for public education, for health care, is in the public employee unions come to the negotiating table and writes down the overly generous packages the average teacher who retired last jun june 2011 with a 30-year career had $1.6 million in cash when retired. the median income is $30,203, just an unfair burden on working class people. ashley: do you think this issue is getting a lot of play in the presidential campaign? i unfunded pension liabilities is a massive, massive problem but i get a sense it is not getting that much attention. >> i would be surprised and asked about it tomorrow night, but they absolutely should. very bad decisions, tarp, the auto bailout and of course the stimulus in january 2009 were crisis decisions. reporter

away with the education, the -- commerce and, let's see, i can't. the third one, i can't. sorry. oops. >> hear what texas governor rick perry is talking about tonight. >> announcer: these markets can be as unpredictable as the weather. one way to do that, carry an umbrella. now is your chance to win a stylish cnbc one signed by the "squawk on the street" gang. tweet your guess to our new twitter handle, @squawkstreet and nail the number. oh, yeah, you have to be at least 18 years of age to enter. sorry, kid. go to sots.cnbc.com. you have until this friday morning. ask me what it's like when my tempur-pedic moves. [ male announcer ] why not talk to someone who owns an adjustable version of the most highly recommended bed in america? ask me about my tempur advanced ergo. goes up. goes up. ask me what it's like to get a massage anytime you want. goes down. goes down. [ male announcer ] tempur-pedic brand owners are more satisfied than owners of any traditional mattress brand. ergonomics. [ male announcer ] tempur-pedic. the most highly recommended bed in america. [ female

they get out? >> well, should i say stay in school? no, i mean, look, education determines a worker's earnings for life. you know, this may sound crazy. you got to follow your passion. you've got to actually enjoy what you're doing. i would say something counterintuitive. i think over the next decade there's going to be insourcing. manufacturing in the americas, in the united states, is actually going to turn. >> we've already seen some of that. >> you're already seeing some of that. the costs in china and elsewhere, it's exploding. it's going up 20 to 30% a year. >> yeah, it makes a lot of sense when other parts of the world are doing better, their wages are going to rise and that competitive difference will eventually -- i don't think go away completely, but certain will it make us more competitive. >> i don't know about follow your passion. >> come on, come on. >> i'm not trying to throw cold water on the idea. we got to go. thanks very much. we got 40 minutes to go before the closing bell. dow jones industrial average essentially flat lining, though we are up on the week. the th

. despite the huge investment in their education, almost half of recent university graduates are either unemployed or underemployed and many worry about the future. which candidate will they support? our correspondent has this report from philadelphia. >> mack has just qualified as a lawyer, so now taken put his lawbooks away and turn his attention to is $170,000 student debt. >> the whole gravity of it really did not hit me until about a few months ago when all of a sudden it was like, that's not just a number, that is actually a representative of something. so the joke has always been, well, i bought a house. but really it is a little bit more than that. unable to find a job, he's moving to texas to live with his parents and is not thrilled about it. >> i am 27 years old. even though it is rather typical of people, it is still not culturally normative. >> americans of $1 trillion in student loans and they are struggling to find work -- owe $1 trillion. at temple university, students appear being trapped in low- paying jobs. >> i hope for the best, but i know from previous experience,

foreclosures. those children the scars, if you like him in the educational personal development for years to come. every time i hear some conservative politician explained why we haven't got the resources to do something about unemployment. another one of these economic downturns of capitalism. i scratch my head because even the most conservative calculation would indicate the cost of not doing something are larger and not to have been undertaken long ago, just as in this case, not to pursue far pushy foreignness, but just as in this case the most stunning thing if you are a normal thinking person, would be to ask yourself, let's see, the last time we had a crisis like this, the last time capitalism's instability took this terrible turn in the 1930s, something very different happened and is happening now. major steps were taken by democratic presidents come and middle of the road are, but suddenly everything changed and he wasn't a big middle of the voter. he suddenly became something else and did a lot of things for the mass of people. none of those are being done now. that is a remarkab

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continued growth in professions in business and also in local government, education, and more importantly in health care and those are areas that i know something about, i've been traveling around the country and we're seeing more investments in manufacturing and high-skilled labor areas and that's where you need to play the focus and we need congress to cooperate with us to make sure we can go. >> we can go through all of the talking points we do every month, madam secretary. congress needs to do more and i want to read you one tweet for jack welch who used to run general electric and a man who knows a bit about economic data is created and this is his tweet this morning, madam secretary. unbelievable jobs numbers. the chicago guys will do anything, can't debate, so change numbers. what do you say to him? >> i would say that i have the highest regard for our professionals that do the calculations in the bls. they are highly skilled economists trained in this area, and you have to look at two surveys that have been done. the payroll as well as household survey. you see where those two bit

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conservative party very much has this posh boy image. lots of educated members of the cabinet. it's pretty hard for the average working class britt to at that time message from someone they perceive to be wealthy independently. >> not that they're putting necessarily any -- the thing is, you're 2, 2 1/2 years on out from an election, so in need for any policies. >> no, for quite some time. and the conservative party conference is the first time we've had this new reshuffled cabinet. and we have half of the current parliament done and dusted. they're positioning themselves now for the implementation part as i've been putting it, with which is where the incumbent parties will try and make everything happen that they promised to make happen. so this time around in the conservative party conference, they'll have a chance to do that. george osbourne is speaking alongside the new guy who has the transport job which really puts heathrow right back into the spotlight in terms of infrastructure. >> also fascinating to see in that light presuming johnson giving a speech. >> he is on tuesday. >> and that

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